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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities:    
Net income $ 193.8 $ 188.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 107.5 91.3
Depreciation 29.4 28.7
Stock-based compensation expense 15.9 14.2
Loss on equity method investments 0.0 6.2
Foreign currency transaction losses, net 2.2 6.8
Non-cash adjustments to carrying value of LIFO inventories 5.4 3.0
Other non-cash adjustments 1.0 2.4
Changes in assets and liabilities:    
Receivables 59.7 25.3
Inventories (74.7) (54.1)
Accounts payable (133.5) (70.4)
Accrued liabilities 16.0 39.7
Other assets and liabilities, net (23.0) (25.1)
Net cash provided by operating activities 199.7 256.4
Cash Flows Used In Investing Activities:    
Capital expenditures (36.3) (33.7)
Net cash paid in acquisitions (52.0) (163.4)
Proceeds from disposals of property, plant and equipment 3.9 0.0
Net cash used in investing activities (84.4) (197.1)
Cash Flows Used In Financing Activities:    
Purchases of treasury stock (89.5) (10.0)
Cash dividends on common shares (7.8) (8.1)
Proceeds from stock option exercises 15.9 5.2
Payments of deferred and contingent acquisition consideration (1.4) (1.4)
Other financing (1.0) 4.3
Net cash used in financing activities (83.8) (10.0)
Effect of exchange rate changes on cash and cash equivalents (5.9) 22.3
Net increase in cash and cash equivalents 25.6 71.6
Cash and cash equivalents, beginning of period 1,248.8 1,541.2
Cash and cash equivalents, end of period 1,274.4 1,612.8
Supplemental Cash Flow Information    
Cash paid for income taxes, net of refunds 53.7 40.5
Cash paid for interest, net of interest rate derivative settlements $ 34.7 $ 33.3